Regulators will look into how rules affect mutuals

The Financial Conduct Authority and the Prudential Regulation Authority will consider how their rules will affect mutuals.

Guidance published alongside the Financial Services Bill last week says changes will be made to the legislation on which regulation of mutuals and cooperatives is based to move regulation across to the PRA and the FCA.

Following FCA chief Martin Wheatley’s concerns around contingent charging, Money Marketing examines who charges what for advice and explores how fee models are set to become a key regulatory battleground.